General Ledger for XYZ Company
The following is a portion of the general ledger for XYZ Company as of December 31, 20X1, and the statement of
stockholders equity for XYZ Company for the year ended December 31, 20X1. Use this information to answer
MKH Company Comparative Balance Sheets
Use the following comparative balance sheets and additional information to answer questions (1) through (4).
Additional Information for MKH Co. in 20X1:
1. Net income for year 20X1 was $216,000.
2. The company declar
General Ledger for ABC Company
The following is the general ledger for ABC Company as of December 31, 20X1. Use
this information to answer questions (1) through (4).
1. What is the amount of gross profit to be reported on ABC Companys 12/31/X1
PNG Company Comparative Balance Sheets
Use the following comparative balance sheets, income statement, and additional information to answer questions (1) throug
Additional Information for PNG Co. in 20X1:
1. All sales were on account.
2. Earnings per shar
1 - Silverthorne Diner owns "mountain food" restaurants in Summit County. They are
considering expanding into Eagle County next year. Expanding would involve opening
another store, which would be located in Vail. Without the Vail restaurant, each of the
1 - All else the same, an increase in the required return on a stock will cause a(n)
_ in the stock price.
2 - All else the same, an increase in the dividend growth rate on a stock will cause a(n)
_ in the stock price
3 - An individual w
Finance 2000 Notes on Shareholders Equity, Dividends, and Tax Equations
Shareholders equity= net fixed assets long term debt + networking capital
Example- Firm has common stock of $86, paid in surplus of $230, total liabilities of $390,
current assets of
1 - FourSquare is an example of a _ app.
2 - John has 168 friends on Facebook, and 58 contacts on LinkedIn. In terms of equity
use metrics, these figures would represent Johns
3 - _ can only occur if the other 3 Es properly set the s
1 - The Lo Tech Co. just issued a dividend of $3.00 per share on its common stock. The
company is expected to maintain a constant 5 percent growth rate in its dividends
If the stock sells for $43.80 a share, what is the companys cost of equi
current ratio = current assets / current liabilities
quick ratio = current assets - inventory / current liabilities
cash ratio = cash / current liabilities
total debt ratio = total assets - total equity / total assets
debt-equity ratio = total debt / tota
Balance Sheet Practice
Current assets of $5,100, net fixed assets of $23,800, current liabilities of $4,300, and long-term
debt of $7,400. What is the value of the shareholders equity account for this firm?
December 31, XX
Income Statement Practice
Sales of $586,000, costs of 247,000, depreciation of 43,000, interest expense of 32,000 and tax
rate of 35%. What is the net income for this firm?
For the period ending Dec. 31, XX
Income Statement with dividends and EPS Practice
Sales of $586,000, costs of $247,000, depreciation expense of $43,000, interest exp $32,000,
and tax rate of 35%. If the firm paid out $73,000 in cash dividends. What is the addition to
Interest rate notes and TVM Calculations
Cost of capital
Opportunity cost of capital
Terminology depends on usage
Effective annual rate (EAR)
The interest rate expressed as if it were compounded once per year
Chapter 39 notes: directors, officers, and shareholders
Corporations: directors, officers, and shareholders
Summary of roles
Appoint and supervise officers
Declare and pay corporate dividends
Vote on important corporate decisions
Chapter 2 notes
Balance Sheet- a snapshot of the firms assets and liabilities at a given point in time (as of)
Balance sheet identity- assets= liabilities + owners equity
Assets- left hand side or upper portion
in order of decreasing liquidity (whatever
1Kerron Company is presented with the following two mutually exclusive projects. The
required return for both projects is 20 percent.